BTC.D potential Head and Shoulders?! watch out! ALTSEASON? DUMP?
Updated
Could be a neckline reversal
Could be 66k Bitcoin (just around the corner) being the final stop before bulls take a break, and alts crush the neckline to soar higher.
This chart does suggest a battle...of epic proportions. Measured move may be drawn under 50% but good luck fighting through 50% - battle line.
This chart does suggest if neckline is crushed, ALTSEASON will be here - regardless if the market is dumping in USD value. BTC value goes up during this time.
Good luck!
Could be 66k Bitcoin (just around the corner) being the final stop before bulls take a break, and alts crush the neckline to soar higher.
This chart does suggest a battle...of epic proportions. Measured move may be drawn under 50% but good luck fighting through 50% - battle line.
This chart does suggest if neckline is crushed, ALTSEASON will be here - regardless if the market is dumping in USD value. BTC value goes up during this time.
Good luck!
Trade closed: target reached
Dominance is starting to show a few signs of slowing down a bit near the PCZ or pattern completion zone. Should be interesting if traders continue to supress the BTC price relative to the alts, or if we see some form of a retrace here. I'll call this one done. Good luck out there.
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